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Export function

Wikipedia contributorsAdapted for Fathomly · View authors
1 min read
Source updated August 5, 2018

The Export function is an idea used in economic theories to measure exports. The total amount of exports, E, in a nation is mainly affected by two variables, see import, the total foreign absorption and the real exchange rate.

E = E(A*,σ) Where A* and σ are variable functions related to the total foreign absorption and the real exchange rate.

For an explanation of the positive and negative relationship between exports and absorption and the real exchange rate, see import

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This article is adapted from the Wikipedia article “Export function”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.

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Import

Import is the activity within international trade which involves buying and receiving goods and services produced in another country. An importer is a person, organization or country receiving imported goods which have been exported from another country.

Export

An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an exporter; the foreign buyer is an importer.

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